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Dec 22, 2012
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mario monti resigned months before the end of his term. he handed his resignation to italy's president shortly after the lower house of parliament approved his one-yearlong government. >> my words will be with every probability the last act and the last words before those who where i formerly hand in my resignation to the head of state. thank you very much to allow me to conclude with you this difficult but fascinating 13 months. >> monti announced he will resign after the people of freedom party. >> in less than two weeks of dialect, we have already gained five percentage points. so i hope we can aim for the 40% that could give us the victory. monti's future is still unclear. will he go back to being an economist or endorse parties that pledge to continue with his plan, reform. the former prime minister is expected to reveal his choice during a press conference on sunday morning. >> we expect mario monty to expect the decision over his future. that's where we will learn that friday was the last day as monti as politician or whether he wil
mario monti resigned months before the end of his term. he handed his resignation to italy's president shortly after the lower house of parliament approved his one-yearlong government. >> my words will be with every probability the last act and the last words before those who where i formerly hand in my resignation to the head of state. thank you very much to allow me to conclude with you this difficult but fascinating 13 months. >> monti announced he will resign after the people of...
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Dec 11, 2012
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suddenly, mario monti is on the way out. there will be early elections and berlusconi is reaching for power again. on the markets, there is deep unease. they're like the austerity measures and the reforms of the technocrats, mr. monti. they fear the return of politics as usual in italy. even if berlusconi is far behind in the polls, the very idea his attempt at come back has jangled nerves. >> the markets are shocked at the prospect that berlusconi would become prime minister again. he is responsible for the crisis in italy. he should enjoy his pension. the reforms have to go on. >> in this from the marketplace, there is not much enthusiasm for a return of mr. berlusconi. >> we italians need to worry, not because of the current crisis. more because this idiot berlusconi is around. i hope it's a good smashed in the face. -- i hope he gets a good smash in the face. >> but berlusconi is a formidable campaigner. he will tell people that he will ease their economic agony. he will cut their taxes. some, at least, will like the sou
suddenly, mario monti is on the way out. there will be early elections and berlusconi is reaching for power again. on the markets, there is deep unease. they're like the austerity measures and the reforms of the technocrats, mr. monti. they fear the return of politics as usual in italy. even if berlusconi is far behind in the polls, the very idea his attempt at come back has jangled nerves. >> the markets are shocked at the prospect that berlusconi would become prime minister again. he is...
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Dec 24, 2012
12/12
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. >> mario monti is saying he's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down by a bybit, as well. we saw markets coming off on friday stateside. pretty significant drops, as well, g
. >> mario monti is saying he's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s....
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Dec 10, 2012
12/12
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. >> and will he or won't he -- mario monti's back and forth on resignation casts uncertainty over italy's economic and political future. >> we begin the show with what has been a day of celebration for the european union. >> the three senior figures representing the eu have been in the norwegian capital, oslo, to collect the nobel peace prize. it was awarded to the 27-member bloc for six decades of promoting peace, democracy, and human rights. >> however, not everyone is happy. some have asked whether the price is justified at that time when the eu is mired in economic and financial -- the prize is justified at that time when the eu is mired in economic and financial crisis. desmond tutu says it is an organization based on military force. >> coveted award was accepted with pride by the eu's 3 president, martin schulz, herman van rompuy, and jose manuel barroso. the standing ovation they received was a rare accolade for the eu in these tough economic times. >> in light of the financial crisis that is affecting so many innocent people, we can see that the political framework in which the un
. >> and will he or won't he -- mario monti's back and forth on resignation casts uncertainty over italy's economic and political future. >> we begin the show with what has been a day of celebration for the european union. >> the three senior figures representing the eu have been in the norwegian capital, oslo, to collect the nobel peace prize. it was awarded to the 27-member bloc for six decades of promoting peace, democracy, and human rights. >> however, not everyone...
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and concern over departure of prime minister mario monti. and the fiscal cliff is still getting you cooking? head to cnbc.com for the latest. we'll also have a sneak peek of what the "squawk box" team has prepared. >>> still to come on the show, after some high profile dubs like facebook, the ipo market was new this year. but a new report says things will change in 2013. find out why. >>> eurozone finance ministers will discuss greece's buyback. last friday, the deadline was extended to this afternoon after they failed to reach a 40 billion euro target. the two-day summit in brussels on thursday is expected to produce a political agreement. while the details of the plan will be finalized at a later stage. >>> ipo activity is expected to pick up in 2013 after a slowdown in year. that's according to ernst & young's latest report. the amount of capital raised this year is down 30% from a year earlier. but exchanges in europe and the u.s. already are seeing business start to return this quarter. real estate, health care, gas are the sectors expe
and concern over departure of prime minister mario monti. and the fiscal cliff is still getting you cooking? head to cnbc.com for the latest. we'll also have a sneak peek of what the "squawk box" team has prepared. >>> still to come on the show, after some high profile dubs like facebook, the ipo market was new this year. but a new report says things will change in 2013. find out why. >>> eurozone finance ministers will discuss greece's buyback. last friday, the...
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Dec 23, 2012
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mario monti was talking about silvio berlusconi's ideas. it would be wonderful if the things could be scrapped. he has come out with popular statements that we will scrap what monti has done. monti has said it is not possible because italy needs the money. he is laying out an agenda. he was still doing it and will live. they are things he hopes will take place next february. we do not know what party will play in the government. he has not announced who will run as. mr.. will he play any part in the next government? will he allow them to use his name? we do not know yet. we will listen. >> the vote is over but not the controversy. the muslim brotherhood says the people who voted in favor of the new constitution. official results will not be known until a released monday. the draft constitution would represent a significant political -- tryout -- triumph for morsi. >> this result will not help healing any rifts between the opposition and president. the onus will be on the leadership of both sides to show some sense of compromise. 30% turnout
mario monti was talking about silvio berlusconi's ideas. it would be wonderful if the things could be scrapped. he has come out with popular statements that we will scrap what monti has done. monti has said it is not possible because italy needs the money. he is laying out an agenda. he was still doing it and will live. they are things he hopes will take place next february. we do not know what party will play in the government. he has not announced who will run as. mr.. will he play any part...
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but he was speaking with mario monti earlier in the weekend, as well. on saturday he was with him. >> a diplomatic response, i would expect no less. great stuff from geneva. looking forward to having you back here tomorrow. travel safe. we'll show the plane gets out of there on time. >>> and if you're just joining us, you're watching "worldwide exchange" and these are your headlines. obama and boehner meeting face-to-face as the clock ticks towards the fiscal cliff. no respite for italy as banking shares lead the prospects lower. and export growth slowing in china. we'll be right back. told you we would be right back. san santa's elves are gearing up for the busiest shipping day of the year. it's expected to deliver 19 million packages. courtney reagan is at a busy facility up in the bronx. what is it like there? >> that's right, kelly. it's already pretty loud here at the fedex express center in the bronx, new york, where the employees are gearing up for what would be the busiest day in the shipping country's history. >> we publicly forecast a couple w
but he was speaking with mario monti earlier in the weekend, as well. on saturday he was with him. >> a diplomatic response, i would expect no less. great stuff from geneva. looking forward to having you back here tomorrow. travel safe. we'll show the plane gets out of there on time. >>> and if you're just joining us, you're watching "worldwide exchange" and these are your headlines. obama and boehner meeting face-to-face as the clock ticks towards the fiscal cliff. no...
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mario monti. >>> good morning and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick. andrew ross sorkin hopefully will be back tomorrow. we'll get an update throughout the show. among the top global market stories this morning, italy's prime minister, mario morety announcing he's going to step down after his country's budget is approved and before his term ends. cnbc's carolin roth is in rome with the latest. and congratulations and hello, carolin. we're always the last to know. >> joe, it's actually been a couple months, but thank you very much. thank you very much. >> how come we haven't seen you? >> we've live in rome today all day because we're covering -- you may not have seen me, absolutely. so we're seeing a big selldown in italian assets today. banking stocks are down to the order of around 5%. and there's a clear negative reaction to the news that mario monti unexpectedly resigned over the weekend. that is after the budget law has been parsed in parliament. at the same time, controversial former prime minister berlusconi
mario monti. >>> good morning and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick. andrew ross sorkin hopefully will be back tomorrow. we'll get an update throughout the show. among the top global market stories this morning, italy's prime minister, mario morety announcing he's going to step down after his country's budget is approved and before his term ends. cnbc's carolin roth is in rome with the latest. and congratulations and hello,...
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monti's held the post on three separate occasions statement came shortly after that movie about a skinny announced he's going to try for his former job next year and whose party with jewish government support this week personally claims want is a steady policies of damaged italy in believes he can lead the country out of crisis. a u.s. drone attack targeting a suspected militant hideout has killed at least three people in pakistan four missiles struck a residential compound in northwest of the country with military officials saying a senior al qaeda commander was among the victims pakistan has previously stated that such attacks by unmanned aircraft violate its sovereignty and are ineffective but the u.s. considers them a vital weapon in the battle against taliban and al qaeda extremists. hundreds of thousands of americans say they want to break away from washington residents across the land have signed internet petition saying they don't want to be part of the united states anymore portnoy a story. for the. war to wonder here is a former colony won the right to determine its own destiny
monti's held the post on three separate occasions statement came shortly after that movie about a skinny announced he's going to try for his former job next year and whose party with jewish government support this week personally claims want is a steady policies of damaged italy in believes he can lead the country out of crisis. a u.s. drone attack targeting a suspected militant hideout has killed at least three people in pakistan four missiles struck a residential compound in northwest of the...
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it in prime minister mario monti who heads a non-elected cabinet of technocrats says he plans to resign news came just hours after the country's former pm so we're both skinny announced he's to run for office in next year's parliamentary elections on thursday but it's going to people of freedom party withdrew it from the government he says auntie's austerity policies home and italy and that he hoped to be the country out of the financial crisis and seventy six year old has already served as if his prime minister for three separate terms is currently caught up in a number of scandals using tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. as well in president chavez has announced he's suffering from cancer once again the distance tests show the return. somewhat movement cells in the same area where tumors had been previously removed he said to return to cuba where he's already received the cancer treatment to undergo surgery in the coming days and news comes two months after travers was reelected as president in
it in prime minister mario monti who heads a non-elected cabinet of technocrats says he plans to resign news came just hours after the country's former pm so we're both skinny announced he's to run for office in next year's parliamentary elections on thursday but it's going to people of freedom party withdrew it from the government he says auntie's austerity policies home and italy and that he hoped to be the country out of the financial crisis and seventy six year old has already served as if...
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italian prime minister mario monti who has a non-elected cabinet of technocrats stated that he plans to resign the news came hours after the country's former pm still barrel scotty announced he's to run for office in next year's parliamentary elections on thursday berlusconi's people of freedom party was druid support from the government he says montes astaire policies had harmed italy and he hopes to lead the country out of the financial crisis the seventy six year old has already served as italy's prime minister for three separate terms he's currently caught up in a number of scandals including tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. venezuelan president hugo chavez has announced he's suffering from cancer once again the leader says tests are show their return of sound the malignant cells in the same area were tumors have been previously removed he will return to cuba are worth he's already received cancer treatment to undergo surgery in the coming days the news comes two months after this was ree
italian prime minister mario monti who has a non-elected cabinet of technocrats stated that he plans to resign the news came hours after the country's former pm still barrel scotty announced he's to run for office in next year's parliamentary elections on thursday berlusconi's people of freedom party was druid support from the government he says montes astaire policies had harmed italy and he hopes to lead the country out of the financial crisis the seventy six year old has already served as...
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the first since prime minister mario monti announced his departure. carolin roth joins us for more. >> reporter: hey, ross. the auction this morning was a definite succession. yields fell compared to a previous auction. in the secondary market, they're still higher than what we saw previously. now the bigger auction is the one tomorrow. that's three year. shouldn't be a concern because of the heavy redemptions. and yield did spike earlier this week. that was around concerns on the instability and political alley-oop -- in italy -- [ inaudible ] >> the person who is tipped to sn proceed him told us he will continue with the austerity program under mario monti. take a listen. >> translator: we will surely comply with our commitment to europe, but we will try together with the other progressive parties to improve european policy because we're not convinced that austerity alone is enough. >> reporter: at this point it looks like the future of government, the centralized government would be controlling the lower house. but what if you don't get the majorit
the first since prime minister mario monti announced his departure. carolin roth joins us for more. >> reporter: hey, ross. the auction this morning was a definite succession. yields fell compared to a previous auction. in the secondary market, they're still higher than what we saw previously. now the bigger auction is the one tomorrow. that's three year. shouldn't be a concern because of the heavy redemptions. and yield did spike earlier this week. that was around concerns on the...
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italian prime minister mario monti who had sonata like a cabinet of tatar grad stated that he plans to resign the news came hours after the country's former pm silvio berlusconi announced he's to run for office in next year's parliamentary elections on thursday berlusconi's people of freedom party withdrew its support from the government he says monastery policies have harmed italy and he hopes to leave the country out of financial crises the sixty to seventy six year old has already served as italy's prime minister for three separate terms he's currently caught up in a number of scandals including tax fraud convicted convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. nearly two hundred countries have agreed to stand the kyoto protocol treaty that limits the greenhouse gas output of some nations it hopes of curbing global warming the legally binding plan was approved by un delegates during climate talks in doha the summit established for the first time that rich nations should move towards reimbursing poor nations for los
italian prime minister mario monti who had sonata like a cabinet of tatar grad stated that he plans to resign the news came hours after the country's former pm silvio berlusconi announced he's to run for office in next year's parliamentary elections on thursday berlusconi's people of freedom party withdrew its support from the government he says monastery policies have harmed italy and he hopes to leave the country out of financial crises the sixty to seventy six year old has already served as...
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there's unrest in the markets softer italy's technocrat prime minister mario monti announced his plans to leave but the former pm silvio berlusconi's thrown his hat. to the ring as well again after he withdrew his party's support for the government but he says i'll go after next year's budget impasse which could see it election in february earlier than expected elsewhere the greek prime minister is trying to secure more support from germany's wealthy and conservative region of barbaria earlier credit has agreed to prop greece up with another forty four billion euro script attorney george felos believes real solutions though are still a long way off. so most cause me to stone walling says listen you soon. but unfortunately. and now and in that interview it didn't it isn't easy to go. comes from greece does that you're going to example even to be the only of the international monetary fund because according to the assets they know. but of course it's really easy for these mature to so such a policy to the german bacterias so we're going to tell you this simple are you serious as usual mo
there's unrest in the markets softer italy's technocrat prime minister mario monti announced his plans to leave but the former pm silvio berlusconi's thrown his hat. to the ring as well again after he withdrew his party's support for the government but he says i'll go after next year's budget impasse which could see it election in february earlier than expected elsewhere the greek prime minister is trying to secure more support from germany's wealthy and conservative region of barbaria earlier...
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there's unrest on the market started italy's technocrat prime minister mario monti announced his plans to leave the former pm serbia but a skinny has thrown his hat into the ring again after he missed tunis party support for the government in auntie says he will go out and next year's budget is passed which could see an election in february which is earlier than expected elsewhere the greek prime minister is trying to secure more support for ukraine as a wealthy conservative region above area earlier greece is a creditors are going to prop it up another forty four billion euros a week attorney george felos the also missions are still a long way off. so most guys me loose don't. listen to music. but unfortunately generally know and. don't view it is not easy to. control it's just that you go to example even to the. national military fund. as if they know. that but of course it's real easy for the smirk you do so such a. german experience so. the simple you serious are usually more of a more cell phone for people with. such. well if the e.u. are pursuing the goal of united europe at the
there's unrest on the market started italy's technocrat prime minister mario monti announced his plans to leave the former pm serbia but a skinny has thrown his hat into the ring again after he missed tunis party support for the government in auntie says he will go out and next year's budget is passed which could see an election in february which is earlier than expected elsewhere the greek prime minister is trying to secure more support for ukraine as a wealthy conservative region above area...
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monti as plans to resign also expectations of fed easing regardless it was actually fairly so why has the yellow metal been trading sideways for pretty much the past year and a half as the s. and p. five hundred has gained a very respectable twenty five percent a year from commodities legend eric sprott about that and about silver to u.s. and u.k. regulators have reportedly published a joint paper they wrote about it on the pages of the op ed pages rather of the financial times to deal with too big to fail banks that need to well bail it's a first cross border plan it includes losses for shareholders removing senior management and converting debt into equity to provide capital now capital is one solution to mitigate the liability of massive credit expansion only we had hard money though we'll break that down for you where the day and while we're on all that glitters check out this trip to the vault. it's enormously impressed see that it's a big growth would like to move. to date to wait for people to remember it's. kind of a funny video you'll never guess where that was we'll tell you
monti as plans to resign also expectations of fed easing regardless it was actually fairly so why has the yellow metal been trading sideways for pretty much the past year and a half as the s. and p. five hundred has gained a very respectable twenty five percent a year from commodities legend eric sprott about that and about silver to u.s. and u.k. regulators have reportedly published a joint paper they wrote about it on the pages of the op ed pages rather of the financial times to deal with too...
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use of europe's night the last couple of hours italy's prime minister mario monti has resigned it means the country is preparing for early elections now expected in february the announcement comes after the country's upper house of parliament approved next year's budget. wanted to ease president he would resign after that vote that's three months before the show jeweled ended his term he said he's lost the backing he needs to do the job off a silver but a skull these are not really true it's a parliamentary support for him. four of greece's largest banks could be in line for bailouts of reporting huge losses this year together they'll need about twenty seven billion euros worth of loans to stay afloat greece has been relying on international bailout funds since twenty ten leading to tough austerity measures being forced of course upon the population demitra sinopoli says an economist in greece he joins us live on the line from athens let's talk to him get is about it i do beatrice my save to my further bad news though for greece now four major banks in trouble how much of a blow is this
use of europe's night the last couple of hours italy's prime minister mario monti has resigned it means the country is preparing for early elections now expected in february the announcement comes after the country's upper house of parliament approved next year's budget. wanted to ease president he would resign after that vote that's three months before the show jeweled ended his term he said he's lost the backing he needs to do the job off a silver but a skull these are not really true it's a...
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Dec 24, 2012
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your intro was about mario monti which is all true. silvio berlusconi, the former prime minister of italy -- >> my favorite. >> thank goodness for silvio berlusconi. >> look at his hair. what is he, 76? >> 76. he just sat down with cnbc italy over the weekend. silvio berlusconi says he does not want to run for prime minister, but, he is obligated to, because the country needs him so desperately. he is the only one that can bring together 40% of the people who vote for him, so that way the left does not control italy. >> he could not get 40%, could he? or could he? >> i don't know if he could get 40%. he thinks he can get more than anybody else. >> really? >> yes. >> now the question is, 40% isn't enough once you're in a parliament, right, because of a parliamentary system and two other parties that used to support him no longer do. it's not clear what they would ultimately do, would they really link to the left? it's hard to say. more than italy, remember, they would never agree with this, but they're far more dramatic than southern it
your intro was about mario monti which is all true. silvio berlusconi, the former prime minister of italy -- >> my favorite. >> thank goodness for silvio berlusconi. >> look at his hair. what is he, 76? >> 76. he just sat down with cnbc italy over the weekend. silvio berlusconi says he does not want to run for prime minister, but, he is obligated to, because the country needs him so desperately. he is the only one that can bring together 40% of the people who vote for...
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Dec 14, 2012
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if we can forward on to some of the other news we're getting out of that meeting, mario monti made a surprise appearance that we'll talk about as soon as silvia comes back. in particular, let's shift to asia and head to key elections. think in the most recent manufa worsening, meanwhile, opinion polls have been very consistent about which party is likely to become japan's next ruling party. kaori enjoji has more for this. >> japanese prime minister yoshi hikonoda is trying to keep his party in power just days before the election. it could pave the way for the return of the liberal democratic party of japan. >> japan is going to have another election due next year. and what abbe is perhaps going to do is to use the government machine as much as possible in order for the budget to be increased to sustain some of the public works because there is another critical juncture coming up because the japanese government is going to have to raise the tax rate for consumption tax. >> japanese economy is now in recession. and this is the third time sips the leaning crisis. the budget deficit is n
if we can forward on to some of the other news we're getting out of that meeting, mario monti made a surprise appearance that we'll talk about as soon as silvia comes back. in particular, let's shift to asia and head to key elections. think in the most recent manufa worsening, meanwhile, opinion polls have been very consistent about which party is likely to become japan's next ruling party. kaori enjoji has more for this. >> japanese prime minister yoshi hikonoda is trying to keep his...
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monti versus bunga bunga three time former prime minister silvio berlusconi their latest debate centers around a different approach to bond yields will cover the spread in loose change let's get to today's capital account. government budget deficits do they matter of course but looking at the fiscal cliff debate it actually seems most seem to agree with that statement i just made though folks may disagree on the best way or time to address them here's the but is this framework misguided while guess according to support.
monti versus bunga bunga three time former prime minister silvio berlusconi their latest debate centers around a different approach to bond yields will cover the spread in loose change let's get to today's capital account. government budget deficits do they matter of course but looking at the fiscal cliff debate it actually seems most seem to agree with that statement i just made though folks may disagree on the best way or time to address them here's the but is this framework misguided while...
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Dec 13, 2012
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sylvia berlusconi appears to be endorsing mario monti. speaking at a press conference in rome, he said he would give up his ambitions to run if monti ran as the central coalition. he then went on to say he still plan toes run for office. he also said bond spreads were a, quote, hoke, that the euro was not a true currency since there was no central bank willing to print money like they do in japan. >>> meanwhile, moody's says that the political turmoil in italy will have little impact on the country aes sovereign debt rating. our next guest disagrees and says he sees repricing of debt in italy. he's sylvia peruso. why are you concerned about moody's taking action here in italy? >> good morning. i think italy has a number of big challenges next year. as you can see, the market remains extremely sensitive to the fluid political landscape at the moment. but most people see it as a significant growth challenge with which the market will have to reconsider a bit of trajectory as to the fiscal consolidation path and the extent to which the world
sylvia berlusconi appears to be endorsing mario monti. speaking at a press conference in rome, he said he would give up his ambitions to run if monti ran as the central coalition. he then went on to say he still plan toes run for office. he also said bond spreads were a, quote, hoke, that the euro was not a true currency since there was no central bank willing to print money like they do in japan. >>> meanwhile, moody's says that the political turmoil in italy will have little impact...
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monti has announced his plans to leave but former pm silvio berlusconi has thrown his hat into the ring too again after he withdrew his party's support for the government earlier monti says he'll go after next year's budget is passed which could see an election therefore in february earlier than expected elsewhere the greek prime minister is trying to secure more support from germany's wealthy and conservative region of barbaria earlier creditors agreed to prop greece up with another forty four billion euros greek attorney george can trigger law spoke to me he believes real solutions though are still a long way off. so most guys move it into stone walling says listen you soon. it's but unfortunately. no in doing that and view it in that there's an easy. comes from just that you're going to example you're going to be the only of the national motto fund because according to that as a stoner without a huge hero but of course it's really easy for mrs mchugh to so such a quality. german bacterias so we're going to go this simple are you serious or usual more of the more cell phone for people
monti has announced his plans to leave but former pm silvio berlusconi has thrown his hat into the ring too again after he withdrew his party's support for the government earlier monti says he'll go after next year's budget is passed which could see an election therefore in february earlier than expected elsewhere the greek prime minister is trying to secure more support from germany's wealthy and conservative region of barbaria earlier creditors agreed to prop greece up with another forty four...
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mario monti's unelected government loses support from the population. he said he could no longer govern. 3 million were left in dire need of help, but the military government responded by blocking visas to international aid workers and a resting burmese activists who tried to deliver assistance. many towns and villages were left to their own devices to rebuild. our correspondent has recently visited some of those areas and has filed this report. >> a buddhist ceremony led by children, one of the larger townships in the delta. this is still a poignant sight for the people of the town. the 10,000 who died here, nearly half were children. outside the town, the rice harvest has been taken in. the delta has historically been seen as the rice bowl not just for burma but the surrounding countries, too. chronic neglect, though, by successive military governments and then the cyclone have left this region in dire need. >> looks can be deceiving in the delta. especially now, it is very green, and lots of rice ready to be harvested, but we have to remember, 70% of
mario monti's unelected government loses support from the population. he said he could no longer govern. 3 million were left in dire need of help, but the military government responded by blocking visas to international aid workers and a resting burmese activists who tried to deliver assistance. many towns and villages were left to their own devices to rebuild. our correspondent has recently visited some of those areas and has filed this report. >> a buddhist ceremony led by children, one...
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there's unrest on the markets after italy's technocrat prime minister mario monti announced his plans to leave before silvio berlusconi has thrown his hat into the ring again after he withdrew his party support for the government want to says he'll go after next year's budget is passed which could see an election in february much older than expected that's where the greek prime minister is trying to secure more support from germany's wealthy and conservative region a very early at greece's credit is a greater profit out with another forty four billion euros greek attorney and georgia culture garson means real solutions to a long way off so most cause me to stone walling says listen. but unfortunately. it isn't easy to. control just that you go to example even to the. national military fund. but of course it's real easy for you to so such a. german taxpayers so. this simple you serious are usually more of more cell phone for people with. such. well is the e.u. pursuing the goal of united europe at the expense of individual nations that issue take center stage in the latest edition of p
there's unrest on the markets after italy's technocrat prime minister mario monti announced his plans to leave before silvio berlusconi has thrown his hat into the ring again after he withdrew his party support for the government want to says he'll go after next year's budget is passed which could see an election in february much older than expected that's where the greek prime minister is trying to secure more support from germany's wealthy and conservative region a very early at greece's...
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Dec 22, 2012
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mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise. he led a government of technocrats for the past year. europeans had held his economic reforms, but voters have been less impressed with his austerity measures. for more on this now, we are joined now on the phone by our correspondent. what now? >> the president will be consulting with the leaders of political parties over the next day or so. to get their advice as we head towards elections, and he is expected then to dissolve parliament and call elections february 24. that is the date people believe most likely will be the date of the vote. >> what is the move of italians right now? would berlusconi actually have any chance with voters? >> the extraordinary thing is that despite his being really comprehensively discredited in the eyes of the rest of the world, a lot of italians seem prepared to fall for his charm and his promises, and he is actually on a media blitz at the moment, taking advantage of the fa
mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise. he led a government of technocrats for the past year. europeans had held his economic reforms, but voters have been less impressed with his austerity measures. for more on this now, we are joined now on the phone by our correspondent. what now? >> the president will be consulting with the leaders of political...
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monti has not ruled out a return as head of state should the alliance be successful he resigned earlier this month after his government lost its majority in the country's deepening recession. where fast approaching. night of fun the fall works in festivities a fair few of us for those have been making some resolutions for twenty thirty and one half of this has been hearing some of the wishful thinking in new york. it's that time of year again when we all make resolutions for the new year so what's your best this week let's talk about bet the same as always to lose weight lottery looking for two in the mega millions that year so you're going to win the lottery and you're going to lose weight and neither of these things are going to happen exactly could just be. kinder gentler and more giving how do you do that new york city i live in cincinnati i've been reading about i want to eat song going to do it this time and why didn't you eat better and twenty twelve no i mean i read a book about fasting fasting for two days a week so that's what i'm going to get that's not going to work here is
monti has not ruled out a return as head of state should the alliance be successful he resigned earlier this month after his government lost its majority in the country's deepening recession. where fast approaching. night of fun the fall works in festivities a fair few of us for those have been making some resolutions for twenty thirty and one half of this has been hearing some of the wishful thinking in new york. it's that time of year again when we all make resolutions for the new year so...
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there's unrest on the markets after italy's technocrat prime minister mario monti has announced he's to leave but former pm silvio berlusconi's thrown his hat into the ring too again after he withdrew his party's support for the government monti says he'll go after next year's budgets passed which could see an election no therefore in february a lot earlier than expected elsewhere the greek prime minister is trying to secure more support from germany as wealthy and conservative region of bull varia we brought that story yesterday credit has agreed with their own forty four billion euros greek attorney george katz of goalless spoke to me believe real solutions that despite all that are still a long way off. so most go to me. listen to music. it's both of which includes i'm only now in doing that and beaut there's no easy to. control it's just that you go to example you can be. fun. as a stoner. but of course it's really easy for the smoke you do so so it's a. german experience so. this simple you serious are usually more of. a cell phone for people with. more news making headlines rig
there's unrest on the markets after italy's technocrat prime minister mario monti has announced he's to leave but former pm silvio berlusconi's thrown his hat into the ring too again after he withdrew his party's support for the government monti says he'll go after next year's budgets passed which could see an election no therefore in february a lot earlier than expected elsewhere the greek prime minister is trying to secure more support from germany as wealthy and conservative region of bull...
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bears on rests on the markets after at least technocrat prime minister mario monti announced his plans to leave former pm silvio berlusconi has thrown his hat into the ring again after he withdrew his party's support for the government monti says he'll go after next year's budget is passed which could see an election in february he said in an expected loss where the greek prime minister is trying to secure more support from journeys of wealthy conservative mention of the vajra earlier greece's creditors agreed to prop it up with another forty four billion euro greek attorney georgia country believes a real solutions are still a long way off. so most cause me to stone. this list. but unfortunately. it is not easy to go. through just that you go to example it would be. fun. but of course it's real easy for you to so. german taxpayers so. this simple are you serious usual more of more cell phone for people with. now the news making headlines this hour a taliban assault on a police station northwestern pakistan has left at least eight people dead three attackers reportedly fired rockets an
bears on rests on the markets after at least technocrat prime minister mario monti announced his plans to leave former pm silvio berlusconi has thrown his hat into the ring again after he withdrew his party's support for the government monti says he'll go after next year's budget is passed which could see an election in february he said in an expected loss where the greek prime minister is trying to secure more support from journeys of wealthy conservative mention of the vajra earlier greece's...
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it's nice prime minister mario monti has resigned tonight it means the country is therefore preparing for early elections expected in february the been outspent comes out of the country's upper house of parliament approved next year's budget earlier monti warned italy's president. that he would resign after this vote this is happening now three months before the shuttle the end of his term he said he lost the backing you need after silvio berlusconi's party withdrew its parliamentary support for. four of greece's largest banks could be in line for a bailout after reporting huge losses this year together they'll need about twenty seven billion euros worth of loans to stay afloat greece has been relying on international bailout funds since twenty ten leading to tough austerity measures being forced upon the population economist dimitris you're not. the only greeks who bear the brunt of the bank's losses. the loans on which. this recapitalization of the banking sector is going to greece are coming from the troika the e.u. the i.m.f. and the e.c.b. and they are going to be repaid they are
it's nice prime minister mario monti has resigned tonight it means the country is therefore preparing for early elections expected in february the been outspent comes out of the country's upper house of parliament approved next year's budget earlier monti warned italy's president. that he would resign after this vote this is happening now three months before the shuttle the end of his term he said he lost the backing you need after silvio berlusconi's party withdrew its parliamentary support...
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there's unrest on the markets after italy's technocrat prime minister mario monti monti announced that he was planning to leave his post but former pm silvio berlusconi's thrown his hat into the ring as well again after he withdrew his party's support for the government now monti says he'll go after next year's budget is passed which could see an election therefore in february which is it earlier than expected elsewhere meantime the greek prime minister is trying to secure more support from germany's wealthy and conservative region of bavaria we brought that she yesterday and earlier on credit has agreed to prop greece up with another forty four billion euros i suppose the greek attorney george felos see from the real solutions is spite of the i just said a long way off. so most go to me. well. listen you shouldn't do it but then of course includes. no. bute is an easy to. control just that you are going to example even to the. national military fund. but of course it's real easy for you to so such a policy. experience so. the simple you serious as usual more of. a cell phone for peopl
there's unrest on the markets after italy's technocrat prime minister mario monti monti announced that he was planning to leave his post but former pm silvio berlusconi's thrown his hat into the ring as well again after he withdrew his party's support for the government now monti says he'll go after next year's budget is passed which could see an election therefore in february which is it earlier than expected elsewhere meantime the greek prime minister is trying to secure more support from...
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there's an arrest on the market so after italy's that technocrat prime minister mario monti announced his plans to leave former pm so they are both scary has thrown his hat into the ring again after he withdrew his party's support for the government and monti says he'll go after next year's budget is passed which could see an election in february which is expected once where the greek prime minister is trying to secure more support from germany's a wealthy and conservative region of the very early at greece's creditors agreed to prop it up with another forty four billion euros greek attorney all of afghanistan means real solutions are still a long way off. so most guys me loose don't. listen to music. but unfortunately generally know in the reluctant butte it is not easy to. control just that you go to example even to the. national military fund. as such they know. that but of course it's real easy for the smirk you do so so what will you say to the german taxpayers so we're going to tell you this simple you serious are usually more of more cell phone for people with. and there was so
there's an arrest on the market so after italy's that technocrat prime minister mario monti announced his plans to leave former pm so they are both scary has thrown his hat into the ring again after he withdrew his party's support for the government and monti says he'll go after next year's budget is passed which could see an election in february which is expected once where the greek prime minister is trying to secure more support from germany's a wealthy and conservative region of the very...
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monti versus bunga bunga three time former prime minister silvio berlusconi their latest debate centers around a different approach to bond yields will cover the spread in loose change let's get to today's capital account. government budget deficits do they matter of course but looking at the fiscal cliff debate it actually seems most seem to agree with that statement i just made though folks may disagree on the best way or time to address them here's the but is this framework misguided well yes according to supporters of m.m.t. at least as far as i can tell it's a theory we've been hearing more and more about over the years some guests on this show have revealed shades of it but we haven't really gotten into a discussion about it now some press attention has been given more it seems in the last year or so here's an article from the washington post modern monetary theory an unconventional take on economic strategy and further in this off article it talks about deficit our walls and so not hawks or does but owls now where did this term come from well according to the article it was coine
monti versus bunga bunga three time former prime minister silvio berlusconi their latest debate centers around a different approach to bond yields will cover the spread in loose change let's get to today's capital account. government budget deficits do they matter of course but looking at the fiscal cliff debate it actually seems most seem to agree with that statement i just made though folks may disagree on the best way or time to address them here's the but is this framework misguided well...
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again, we'll keep an eye for my comments from mario monti throughout the day. >> the market is focused on the yen. it's been weaker across the board today. the yen has been down for the lowest in a year against the greenback. we hit 84.48. it's pulled back from that. sterling/dollar is steady at 1.6185. plenty of focus on the dollar and continuing ongoing fiscal cliff discussions. meanwhile, in china, leaders there have wrapped up their weekend of economic plan, a list of must-dos next year. also across expectations of any big stimulus, much like the $600,000 boost that we got in 2009. eunice is with us once again from beijing. hi, eunice. sum it up for us. >> well, i would say that we saw a lot of bright moves, a lot of brush strokes, but nothing in terms of specifics. for the most part, the policymakers were saying all the right things. they were saying they hope to see more economic reforms, that they hope to see more in terms of a shift in terms of, you know, moving the economy away from state investment, from exports and moving it towards stimulating domestic demand. however, in t
again, we'll keep an eye for my comments from mario monti throughout the day. >> the market is focused on the yen. it's been weaker across the board today. the yen has been down for the lowest in a year against the greenback. we hit 84.48. it's pulled back from that. sterling/dollar is steady at 1.6185. plenty of focus on the dollar and continuing ongoing fiscal cliff discussions. meanwhile, in china, leaders there have wrapped up their weekend of economic plan, a list of must-dos next...
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mario monti is stepping down as prime minister of italy. he lost support of the people. he was out in front of italy's debt crisis last year and he lowered the bar in cost. he is a smart guy. he obviously does not want to stay there. investors took heart from the latest data out of china. growth is accelerating. no more that owning our process here. almost 10%. beating analyst estimates. copper moved higher. it is an industrial metal. money flowing into stocks. minors like numa mining. then, of course, the announcement that they would be taking a big acquisition. today, it is up more than a percent. cliff natural of about 5%. we should not forget mcdonald's. better same-store sales than expected. coming up in just a few minutes. cash is king at ethan allen peered the furniture retailer throwing a lot more cash at shareholders. they are announcing a one-time payout this month alone. we will get the inside story from ethan allen chairman and ceo farooq kathwari. you have to hear about his plans for china. international expansion is a huge priority. the chinese may like tha
mario monti is stepping down as prime minister of italy. he lost support of the people. he was out in front of italy's debt crisis last year and he lowered the bar in cost. he is a smart guy. he obviously does not want to stay there. investors took heart from the latest data out of china. growth is accelerating. no more that owning our process here. almost 10%. beating analyst estimates. copper moved higher. it is an industrial metal. money flowing into stocks. minors like numa mining. then, of...
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you know, monty hall, a big game show guy. now we have mario monty hall in the game of politics. can you try to explain to viewers and listeners? you know, no, i don't want to lose but i'd still take the job. tell me about it. >> he wants to be -- he wants to run the show and, you know what? when you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator whatever that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> ri
you know, monty hall, a big game show guy. now we have mario monty hall in the game of politics. can you try to explain to viewers and listeners? you know, no, i don't want to lose but i'd still take the job. tell me about it. >> he wants to be -- he wants to run the show and, you know what? when you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator...
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. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word? >> and light tte candles. >> if you light them i will come. >> you have six children. >> as do you. >> leave me out of this. >> and others people say they can't afford it you're saying it doesn't matter if you can afford them or not. >> if the price tag of having a child scares you the most, you haven't done the right gut test. stuart: so, go ahead and have the children whether you can afford them or not. >> having children is the investment in the future. if we don't have children now and understanding in the short-term there are obviously economic hardships going on, it is classic then in an economic down turn, peopl
. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word?...
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Dec 28, 2012
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. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl who was abducted by her father and to pakistan three years ago has been reunited with her mother in the u.k. in the past couple of hours she arrived at manchester airport. she was taken from her home in greater manchester on her third birthday, found with the help of the pakistani authorities and is understood to
. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo...
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and the euro banks, too, being hit by news from the italian prime minister's mario monti's resignation. that is causing some concern to the spanish banks as well, where the focus turns once you have the news of monti's resignation. one thing we do want to note, hsbc had its rating cut from double a minus to double a. abercrombie & fitch, open humor out with a notice saying the retailer looks to the markets over the holidays. s intermec is looking to be up in 2013. jim, back to you. >> let's shift to the bonds and dollars. >> you know, looking at the ten-year, seeing it hovering around 160, is about as shocking as the sun coming up in the morning. but nonetheless, last week on interday trades, looked like we were going to close in the high 150s, which would have taken us back many more months. you can see the closing yield chart, going back all the way to august 1st. now, look at boon yields. political issues. you can have the best-laid plans by central banks in the end. ballot boxes, politics, it can get messy. think about what's going on here. now, if we look at the boon going back to
and the euro banks, too, being hit by news from the italian prime minister's mario monti's resignation. that is causing some concern to the spanish banks as well, where the focus turns once you have the news of monti's resignation. one thing we do want to note, hsbc had its rating cut from double a minus to double a. abercrombie & fitch, open humor out with a notice saying the retailer looks to the markets over the holidays. s intermec is looking to be up in 2013. jim, back to you. >>...
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and italy's prime minister, mario monty, resigned. wall street is expecting the worst bonus season since the financial crisis of 2008. the average bonus will decline 16 1/2% from last year, to just over $100,000. and about one in five wall street workers won't get a bonus at all, as banks and investment firms continue to struggle in a tough economy. sales at mcdonald's rose in november, as u.s. brought more breakfast items and its new cheddar bacon onion sandwiches. drivers are getting some relief at the gas pump. according to the lundberg survey, a gallon of regular unleaded costs average. $3.46 nationwide. and retailers are acquiring holiday help in record numbers. retailers a added, 465,500 seasonal workers in november as they wrap up for the holidays. that's barely surpasses a previous record set in 2005, just before the financial crisis. that's your money watch. for more, head to cbs money watch.com. >>> a bald eagle is going to be okay, thanks to the quick thinking of two fort myers residents. gale shows us the dramatic video fr
and italy's prime minister, mario monty, resigned. wall street is expecting the worst bonus season since the financial crisis of 2008. the average bonus will decline 16 1/2% from last year, to just over $100,000. and about one in five wall street workers won't get a bonus at all, as banks and investment firms continue to struggle in a tough economy. sales at mcdonald's rose in november, as u.s. brought more breakfast items and its new cheddar bacon onion sandwiches. drivers are getting some...
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despite calls for him to stay on, prime minister mario monti has said once the budget is passed, he will resign. 61% of italians are against him running for a second turn. meanwhile, sylvia berlusconi promised yesterday if he's voted back in, he'll reverse some of monti's policies. >>> in tokyo, the newly elected prime minister is meeting with the head of the central bank. also, we'll head out to frankfurt where do you have ya mark may have dodged another bullet. >>> then it's over to hong kong. aig sells its remaining stake in aia and formally ends a partnership dating back 100 years. all of that straight ahead. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ecember 22nd for christmas delivery. >>> the latest numbers out of china, in the first 11 months, foreign investments led. investment from the u.s. did pick up. . on the equity front, the shanghai composite has been powering ahead up over 9% just this month. with external
despite calls for him to stay on, prime minister mario monti has said once the budget is passed, he will resign. 61% of italians are against him running for a second turn. meanwhile, sylvia berlusconi promised yesterday if he's voted back in, he'll reverse some of monti's policies. >>> in tokyo, the newly elected prime minister is meeting with the head of the central bank. also, we'll head out to frankfurt where do you have ya mark may have dodged another bullet. >>> then it's...
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italy's prime minister, mario monti, has postponed his end of the year press conference. dow jones reporting that delay may signal a possible delay in the budget vote. now this budget vote, of course, being the key hurdle he wanted to get through before resigning. he announced his intention to resign in the last couple of days. that clearing the way for a potential return to politics of silvio berlusconi. again, not clear exactly why the post there has -- there's been a postponement of the end of the year press conference. that is the case as we are learning this morning. >>> moving on to shares in ubs which are at the top of the smi in zurich after the bank announced a settlement with u.s., u.k., and swiss regulators over its role in the libor fixing scandal. ubs will pay a total fine of $1.5 billion after admitting to manipulating the rate. as well as pleading guilty to charges of fraud and bribing brokers. the swiss bank says the fine will lead to a greater than expected fourth quarter loss. but that it will not need to raise new capital. carolyn, the response here by
italy's prime minister, mario monti, has postponed his end of the year press conference. dow jones reporting that delay may signal a possible delay in the budget vote. now this budget vote, of course, being the key hurdle he wanted to get through before resigning. he announced his intention to resign in the last couple of days. that clearing the way for a potential return to politics of silvio berlusconi. again, not clear exactly why the post there has -- there's been a postponement of the end...